Small Business Loans in Wisconsin

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10 Small Business Loans in Wisconsin

Our article is the outcome of dedicated research into small business lending in California, anchored in reliable data. The lenders are ranked according to the number of small business loans they've granted this year.

Essentially, this highlights the financial institutions and lenders that are actively providing the majority of loans to small businesses within the state.

(This differs from many other sites, which often limit their focus to nonprofits with infrequent lending or government initiatives that are not accessible to a broad range of businesses.)

Takeaway: Two big banks issue the most small business loans in Wisconsin, but the rest of the banks on this list are local, Midwestern banks. 

Methodology: Our study draws on data from SBA 7a loans, ensuring that every lender listed here provides these types of loans. Additionally, we've detailed various other small business loan options these lenders display on their websites.

Regrettably, conventional banks often have demanding criteria, including high credit scores and a minimum of two years in business operation.

Therefore, we've initiated our list with a couple of alternative financing choices specifically for small business owners who might be facing credit challenges or are relatively new to the business world.

1. Credit Suite

Credit Suite specializes in business credit consulting and software services, while also providing two innovative non-traditional financing options.

Their Cash Flow Financing is ideal for business owners with bad credit. It allows you to utilize your business's cash flow for securing flexible funding. Instead of fixed monthly payments, repayment is based on a proportion of your ongoing cash flow.

Additionally, the Credit Line Hybrid is focused on providing finance based solely on personal creditworthiness, without the need for extensive financial documents, bank statements, or business plans. 

It's a fantastic option from businesses ranging from startups to established, with funding options ranging from $5,000 to $150,000.

Business financing options offered:

  • Credit Suite Cash Flow Financing
  • Credit Suite Credit Line Hybrid

2. US Bank

US Bank, a large national banking institution, offers an array of business loan options. With its numerous branches, it's a common sight in many towns and cities. Notably, in Wisconsin, they are the leading issuer of SBA loans, surpassing all other lenders in the state.

Business financing options offered:

  • US Bank Quick Loan

  • Business Term Loan

  • Commercial Real Estate Loan

  • Equipment Financing

  • SBA Loans

  • Dental, Medical, and Vet Practice Loans

  • Business Line of Credit

  • Manage Cash Flow

  • Business Equity Line of Credit

  • Business Reserve Line

  • 4 Business Credit Cards

3. The Huntington National Bank

Huntington National Bank stands out not only as a premier small business lender in this state, but also for being the top issuer of SBA 7a loans nationwide.

This achievement places them among the top 10 lenders in almost every other state, showcasing their commitment to supporting small businesses.

Beyond SBA loans, Huntington also provides a diverse range of financial solutions for small businesses, which includes options like equipment leasing, agricultural financing, and various real estate loan types. 

Business financing options offered:

  • SBA 7a Loans

  • Equipment Leasing

  • Church Lending

  • Greek House Financing

  • Agricultural Loans

  • Warehouse Lending

  • Real Estate Loans, Term Loans, and Lines of Credit

4. Hiawatha National Bank

Hiawatha, a smaller bank headquartered in Wisconsin, offers a variety of loan options specifically tailored for agricultural needs. 

Business financing options offered:

  • Business Line of Credit

  • Commercial Real Estate

  • Equipment Loans

  • SBA Guaranteed Loans

  • Agriculture Loans: FSA Guaranteed Loans, Crop Loans, Farm Land, Machinery Loans

5. Bank First

Bank First is a small Wisconsin-based bank with diverse business financing offerings and credit cards. They have especially good loan options for farmers.

Business financing options offered:

  • Working Capital Lines of Credit

  • Equipment Loans

  • Business Expansion Loans 

  • Real Estate Loans 

  • Construction and Development Loans 

  • Agriculture Loans

  • SBA 7(a) Loans

  • SBA 504 Loans

  • WHEDA Loans

  • Farm Service Agency

  • 2 Business Credit Cards

6. Wisconsin Women's Business Initiative Corporation

The Wisconsin Women's Business Initiative Corporation isn’t a traditional bank, like most of the lenders in this article. As you can guess by their name, they focus on lending to female entrepreneurs and “underserved individuals”. 

They don’t list their business loan offerings on their website. Their website states that they make loans “available to small, micro startup and established businesses up to $350,000.”

Business financing options offered:

  • SBA 7a Loans

7. Summit Credit Union

Summit is the only credit union on this list. It’s a small organization based in Madison, Wisconsin, with a normal lineup of small business loans. 

Business financing options offered:

  • Real Estate & Commercial Construction Loans

  • Investment Property Loans

  • Term Loans

  • Business Line of Credit

  • Small Business Administration Loans

  • Business Rewards Credit Card

8. Old National Bank

Old National is a small bank based in Indiana doing a large volume of SBA loans. 

Business financing options offered:

  • SBA Loans

  • Term Loan

  • Traditional Line of Credit

  • SBA Loans

  • Community Development Lending

  • 2 Business Credit Cards

9. Nicolet National Bank

Nicolet is a small bank in Wisconsin that focuses heavily on agricultural lending. They list out many agricultural lending options on their website that you don’t see from most other banks.

Business financing options offered:

  • SBA Loans

  • Agricultural Loans:

    • Operating Lines of Credit

    • Capital Lines of Credit

    • Crop Input Loans

    • Intermediate/Equipment Loans

    • Real Estate Loans

    • Construction Loans

10. Community State Bank

Community State is another small Wisconsin bank with strong local roots. They don’t have a lot of information about each type of business loan they offer on their website, but it’s clear that they offer a variety of financing types within each category listed below.

Business financing options offered:

  • Business & Rental Mortgages

  • Equipment and Commercial Vehicle Loans

  • Agricultural Loans

  • Lines & Letters Of Credit

How to apply for a small business loan in Wisconsin 

Getting your small business funded doesn't have to be overwhelming, regardless of how many steps may be involved. Let the leading business guides at Credit Suite help you along the way!